SECTION 1. Section 6 of chapter 62, as appearing in the 2014 Official Edition, is hereby amended by inserting after subsection (s) the following subsection:-
(t) Any eligible caregiver shall be allowed a credit as hereinafter provided against the excise due under chapter 62 of the General Laws for taxable years ending on or after December 31, 2017. The amount of the credit shall be equal to $500. Caregivers, including informal relative caregivers, foster care caregivers, legal guardians designated through Juvenile or Probate and Family Court, and adoptive parents shall be accepted as qualifying caregivers. For the purpose of this section, qualifying caregivers will also be extended to include caretakers, as defined under section 1 of chapter 19C of the General Laws.
The provisions of section 3 of chapter 201F of the General Laws regarding caregiver rights and responsibilities shall apply to familial caregivers receiving the credit. An individual claiming a credit under this section shall furnish such information relative to the credit as may be requested by the commissioner of the department of revenue in a form approved by him, and the commissioner shall promulgate such regulations as are necessary to implement this section.
SECTION 2. This act shall take effect for taxable years ending on or after December 31, 2017.
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